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Chad Rubin

๐Ÿ‘ค Speaker
172 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

Churn.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

I think I just partially addressed some of our churn talking about how we prioritize feature requests.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

We've been prioritizing feature requests based on, hey, this is the most angry client that we have and they're paying a lot of money.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

Let's try to prevent them from leaving the platform.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

to now let's actually like if someone needs like a serious feature that no one on our platform needs that's customware and we need to really focus on our software so we're starting to start pick and choose clients that should be on our platform instead of just accepting everybody onto the platform yeah i think controlled churn can be a healthy thing what are you guys at though would you say in terms of churn annually

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

I think we're right at the right now.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

If you look at our addressable churn, we're right at the average three to 5%.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

Okay.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

What is addressable?

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

What do you mean addressable churn?

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

So, so since our platform has changed tremendously, uh, since inception, uh,

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

you'll notice that we have a different type of client base.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

It's legacy on our platform.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

And I think most SaaS companies suffer from this as well.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

So we have your initial OG clients.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

Discounting monthly plans.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

Exactly.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

They also probably are underpaying for the platform, right?

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

Yep, 30 different names in Stripe for all the different products you created early to test, right?

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

Exactly.